The American Iceberg: Debt, Inflation and Money
by Bob Blain
United States total debt, public and private, not just Federal debt, grew from $82 billion in 1916 to $70 trillion in 2010, almost a thousand times bigger. The cause is traced back to decisions made in 1787 and 1790 by framers of the Constitution and members of the First Congress. The remedy is to now correct their mistakes by properly funding the U.S. economy with "dollar" properly defined.